GungHo, the mobile gaming arm of Japanese telecom company SoftBank, is considering moving its headquarters to Finland, the chairman and founder has announced.
Speaking at last week's slush start-up investment event in Helsinki, Taizo Son said that Helsinki's low corporation tax and thriving tech start-up culture were extremely tempting for the multinational.
"We'd like to move our headquarters," Mr. Son told the Wall St Journal. "We are researching this option, and we are conducting a feasibility study. Japanese corporate taxes are 40 per cent."
Helsinki's, on the other hand, are about to drop from 24.5 to 20 per cent. That's a tempting haul for any company with major turnover, but especially so for SoftBank, which has just invested $1.5 billion in a controlling stake of Helsinki-based Supercell. For more insight into the growth of Finland's industry, read our recent feature on Helsinki's industry here.